Debt Collection Lawsuits

06 Mar Are We Seeing a Return to Debtors’ Prisons?

Some time ago, I posted a video on my YouTube channel posing the question “Can I Go to Jail for Not Paying Credit Card Debt?” The answer to this question is “no” - if you don’t pay your credit card bill, the lender bank can sue you for money damages, but they have not power to throw you in jail. Only the state or federal government has the power to incarcerate you for not paying debts and the type of debts that could result in jail time include unpaid such obligations as past tax debt, fines due to governmental units, past due child support and other debts owed to governments. Interestingly I get comments on this video claiming that the commentator or someone the commentator knows has been put in jail for common private debt like unpaid credit card bills and other signature loan. It turns out that there is some truth to what my video viewers are saying.
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06 May What Can You Do About a Judgment Lien from an Out-of-Business Creditor

What can you do about a judgment lien filed against you by a creditor or debt buyer that is now out of business? Law firms like Mann, Bracken that have closed down, filed bankruptcy themselves, or otherwise disappeared still appear as judgment creditors on thousands of credit reports.  In many cases, you may have legitimate grounds to challenge these judgments:
  • bad service
  • insufficient documentation
  • incorrect identity
In other cases you may be willing to offer money to settle the outstanding debt so that the judgment will be removed from your credit report.
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